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What is the relationship between FSDH Securities and FSDH?

April 26, 2017fsdh relationship securities

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What is the relationship between FSDH Securities and FSDH?

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First Securities Discount House (FSDH), one of the leading discount house in Nigeria, was very instrumental to the establishment of FSDH Sec. In 2004, FSDH Asset Management Limited, (FAML) a fully owned subsidiary of First Securities Discount House, Limited acquired majority shareholdings in FSDH Securities. With the acquisition, FSDH Sec became a direct subsidiary of FAML and an indirect subsidiary of FSDH. Prior to the acquisition, FSDH had provided FSDH Sec with financial, technical, research and managerial support.